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The allocation of resources

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Question 4

Which of the following features is exclusively associated with a pure free market economy?

A

Resources are allocated entirely through the price mechanism with zero government intervention.

B

The state intervention regulates market prices to protect consumers from monopoly exploitation.

C

Significant inequalities in the distribution of income and wealth occur within society.

D

Public goods are fully provided by the public sector to prevent market failure.

Markscheme

The allocation of resources Questions

  1. A Level
  2. /Economics
  3. /The allocation of resources

31 exam-style questions on OCR A Level Economics The allocation of resources. Each one has a worked solution and a mark scheme showing where the marks go.

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